Daily Archives: November 2, 2008

Have your candles ready. It is hard to believe how Pennsylvania could be a blue state when one considers Obama’s position on coal. Keep in mind that 49 percent of all electrical power in the United States is generated by coal-powered generators. This audio clip is Barack Obama speaking to the San Francisco Chronicle, SF Gate.

Barack Obama: I haven’t been some coal booster.

Joe Biden: No coal plants here in America, build them if they’re going to build them over there.

UPDATE 11/3/08, 23:02: The Obama campaign is responding to the above news by dismissing it as ‘“right wing blogs” that “wildly edited to take it out of context.”’ They go further to say that Barack actually said the opposite of what he actually said. ?? OK, so they are lying and the dumb masses will accept it rather than check it out for themselves.

The Obama campaign added ‘“In the full interview Obama actually praises coal and says that the idea of eliminating coal is ‘an illusion,’” the campaign explained.’ They are word wizards for sure. In fact, Obama did praise coal (as a fossil fuel) as being responsible for about half of the electricity production in the country. He did not praise coal power plants that use it, and certainly not the building of more coal power generating plants. In fact, he wants to ‘take it off the table.’

Here are his words, not taken out of context.

What I have said is that for us to take coal off the table as a ideological matter, as opposed to saying if technology allows us to use coal in a clean way, we should pursue it.

That is a statement, ‘for us to take coal off the table.’ That was not a conditional statement to use coal power plants in a cleaner way. He intends to NOT use it. He intends for the caps and trade system to penalize any company that wants to build a coal fired power plant, and if they are stupid enough to try it and risk bankruptcy, through fines that he defines as a ‘huge sum’ that he says ‘will also generate billions of dollars that we can invest in solar, wind, biodiesel, and other alternative energy approaches.’

Where am I missing the part that says, like his campaign claims, that the idea of eliminating coal is an illusion?

But don’t take my word for it. Here is the entire transcript from the above video. Then have the courage to call a spade a spade and recognize that the only illusion here is the Obama campaign’s spin on Obama’s own words.

Barack Obama: I voted against the Clear Skies Bill. In fact, I was the deciding vote. Despite the fact that I’m a coal state. And that half my state thought that I had thoroughly betrayed them. Because I think clean air is critical and global warming is critical. But this notion of no coal, I think, is an illusion. Because the fact of the matter is is that right now we are getting a lot of our energy from coal. And China is building a coal-powered plant once a week. So what we have to do then is figure out how can we use coal without emitting greenhouse gases and carbon. And how can we sequester that carbon and capture it. If we can’t, then we’re gonna still be working on alternatives. But…let me sort of describe my overall policy. What I’ve said is that we would put a cap and trade policy in place that is as aggressive if not more aggressive than anyone out there. I was the first call for 100% auction on the cap and trade system. Which means that every unit of carbon or greenhouse gases that was emitted would be charged to the polluter. That will create a market in which whatever technologies are out there that are being presented, whatever power plants are being built, they would have to meet the rigors of that market. And the ratcheted down caps that are imposed every year. So if somebody wants to build a coal-powered plant, they can. It’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted. That will also generate billions of dollars that we can invest in solar, wind, biodiesel, and other alternative energy approaches. The only thing that I’ve said with respect to coal–I haven’t been some coal booster. What I have said is that for us to take coal off the table as a ideological matter, as opposed to saying if technology allows us to use coal in a clean way, we should pursue it. That I think is the right approach. The same with respect to nuclear. Right now, we don’t know how to store nuclear waste wisely and we don’t know how to deal with some of the safety issues that remain. And so it’s wildly expensive to pursue nuclear energy. But I tell you what, if we could figure out how to store it safely, then I think most of us would say that might be a pretty good deal. The point is, if we set rigorous standards for the allowable emissions, then we can allow the market to determine and technology and entrepreneurs to pursue, what the best approach is to take, as opposed to us saying at the outset, here are the winners that we’re picking and maybe we pick wrong and maybe we pick right.

It is bad enough that the United States spends over $700 billion per year on oil resources from the Middle East and elsewhere, when we have enough resources of our own which could be developed right here in the United States, creating jobs all over the country in the process.

The confluence of two problems, energy dependency and the financial market meltdown, seem to have the world looking to the Middle East and Saudi Arabia for help. President Bush took a trip to Saudi Arabia with his hand out for more production and lower oil prices. Now British Prime Minister Gordon Brown goes there looking for money for the International Monetary Fund’s ‘bailout reserves.’

British Prime Minister Gordon Brown said Sunday he is confident that Saudi Arabia will contribute to the International Monetary Fund’s bailout reserves after he promised business leaders in the Gulf that they would have a say in any future new world economic order.

When you are the one in control of the oil spigot, with cash reserves that are as large as your oil reserves, it is not hard to imagine, nor is it surprising, to see this kind of attitude ‘from those that don’t like us very much.’

A senior British government source, speaking on condition of anonymity because he was not authorized to comment, said that during talks the Saudis had been concerned about becoming a “milk cow” to prop up “basket case” economies in other parts of the world.

Both the energy and economic ‘crises’ can be solved by restoring common sense to both. By using our own resources and by paying attention to sound business practices by not offering mortgages to people that have no ability to pay. Those people are called ‘renters.’ In the meantime, with help from Saudi Arabia or not, the world will have to pay the consequences of our bad decisions.

On Tuesday, Nov 4, Americans can choose which of the two candidates, which of two parties, have the answer to today’s problems. Or at least an inclination as to which way to proceed. The choice seems pretty clear to me. One party wants to cut oil dependency by a small percentage, the other party wants to eliminate it. One party wants to make home ownership a ‘right,’ and the other wants to enable every citizen to get their own home based on their own efforts.

Socialism is easy, the government makes decisions for us, and innovation and productivity are depressed. Freedom is hard, you have to make your own decisions, innovation, productivity and the rewards that come with it are unlimited.